How big Massmart is compared to its parent Walmart, which just made a R6.4 billion buyout bid
Massmart's R6.4 billion offer is nearly 50% more than the company's market capitalisation, excluding Walmart's shareholding, as at market close on Friday, 26 August 2022, before the announcement. On Friday, Massmart's market value, without Walmart's stake, sat at R4.3 billion.
Source: businessinsider.co.za